N.Y. Multiple Dwelling Law § 360: Cancellation of notice of pendency of action

§ 360. Cancellation of notice of pendency of action. If an action or

proceeding to establish a lien upon such premises terminates otherwise

than in a judgment establishing such a lien, or if the judgment be fully

paid, such notice of pendency of action or proceeding may be cancelled.

Prior to the termination of such action or proceeding the notice may be

cancelled by giving an undertaking.